Senior U.S. Treasury Official Sees 'Continued Risk' Of Illicit Activity At Iraqi Commercial Banks; Urges Action By Iraqi Central Bank To Avoid Need For Further U.S. Action
Portfolio Pulse from Benzinga Newsdesk
A senior U.S. Treasury official has expressed concerns over the 'continued risk' of illicit activities at Iraqi commercial banks. The official has urged the Iraqi Central Bank to take action to avoid the need for further U.S. intervention.
September 14, 2023 | 1:37 pm
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NEUTRAL IMPACT
The news may indirectly affect SPY as it reflects geopolitical risks that could impact global financial markets.
While the news does not directly mention SPY, geopolitical risks such as potential illicit activities at Iraqi banks can indirectly affect global financial markets, including ETFs like SPY. However, the impact is likely to be limited unless the situation escalates significantly.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20